Financially Independent Visa

Financially Independent

An alternative to the Retirement Visa route exists in the financially independent visa for which candidates would need to be able to demonstrate a net asset value totalling not less that R12 million.

In addition, it would also be necessary to demonstrate proof of payment of R120,000 as a non-refundable sum to the Director General of Home Affairs. The application for a financially independent visa will lead to permanent residence.

  • A retired persons visa may be issued for a period exceeding three months to a foreigner who intends to retire in the Republic, provided that the foreigner provide proof that such foreigner has the right to a pension or an annuity or retirement account which will give such foreigner a prescribed minimum payment for the rest of his or her life from the country of his or her origin; or a minimum prescribed net worth.
  • The Department may authorise the holder of a retired person Visa to conduct work under terms and conditions as the Department may deem fit to determine under the circumstances.
  • A retired person visa may allow its holder to sojourn in the Republic on a seasonal or continuous basis; and not exceed a four-year period, at the expiry of which it may be renewed one or more times.

Visa Categories

Fill out the enquiry form on the right, to give us more information on your current status. Once we have all your information, we can assess whether or not you will qualify for the requested visa.

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Articles

24. Apr. 2024 Cape Argus

Home Affairs rejects almost 9 000 ‘refugees’ in 12 months

Cape Town - The Department of Home Affairs (DHA) processed 10 643 newcomer asylum applications in five refugee reception centres during the 2022/23 financial year, and rejected 8 948 of them, Minister Aaron Motsoaledi revealed in Parliament. Although lobby groups are pushing against what they deem to be anti-foreigner sentiment from the DHA, a city activist grouping says Motsoaledi’s figures were slightly down from last year. The term “refugees” refers to people who have fled wars or persecution, while “asylum seekers” describes people who claim to be refugees but whose claim has not been reviewed. DA MP Adrian Roos asked Motsoaledi for the number of newcomer asylum applications processed for each refugee reception centre in the previous financial year, and how many were rejected as “unfounded”, “manifestly unfounded”, and those granted. V.4805

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